Why arent you mining bitcoins?

Matthew Cruz
Matthew Cruz

Why arent you mining bitcoins?

All urls found in this thread:

freebitco.in/?r=2467263
bitcoinwisdom.com/markets/bitstamp/btcusd
bitcointalk.org/index.php?topic=654463.0

Dylan Lopez
Dylan Lopez

Since the FBI traced 40000 transactions, during the silk road raid, they became useless. They still have value, they're just not anonymous anymore

Jacob Adams
Jacob Adams

I tried mining last week and I only earned about 2000 satoshis per one day. Which is like 0.00000002 bitcoins. Its not worth it

Nicholas Thompson
Nicholas Thompson

pretty much this.
if i did mine i'd just get a cloud mining contract. i have an old, cheap asic miner but i barely bother with the thing.
if i mined anything it'd be XMR, but tbh i'd rather just buy the things given that they're only a dollar each.

Gabriel Cox
Gabriel Cox

because i'm mining cures

Jayden Cruz
Jayden Cruz

I mined altcoins with a 3 GPU rig for awhile, it was profitable but I have made much more just trading so the rig sits in the cupboard now.
Mining buttcoins is pointless unless you are going to spend a couple of hundred grand to fill a factory with ASICs.

You are right about XMR, get it now as it's just dropped after the recent climb.

Lincoln Cook
Lincoln Cook

because during the gold rush smart people sold pickaxes and shovels.

Ayden Brown
Ayden Brown

well, mining hasnt been profitable for years…..

Leo Diaz
Leo Diaz

dumbarse, you're wrong

during the gold rushes, the smarter people sold women or alcohol, and the smartest sold both of 'em

You can fix a pickaxe, you can't fix a lady yet

Daniel Nguyen
Daniel Nguyen

yeah, except those things aren't analogous to mining bitcoins.

Julian Brown
Julian Brown

maybe we are all mining bitcoins without our knowledge. (HW accused tzacks if building a miner function into a vivchan fork.) a dollar here, a dollar there…

Jace Edwards
Jace Edwards

2010 came and went.

Jaxson Sanders
Jaxson Sanders

freebitco.in/?r=2467263

Chase Green
Chase Green

Because it's too cost prohibitive to build a rig that mines effectively and can pay the enormous electrical bills that mining creates. Not to mention they run super hot when they mine, so they're a massive fire hazard. OP pic looks like a disaster waiting to happen.

Jackson Stewart
Jackson Stewart

buy amd gpgpu was ok. but now
that fucking asic are useless

Liam Howard
Liam Howard

and /thread

Eli Foster
Eli Foster

I don't have time for volatile shit like that. I used to mine dogecoins and got about 5 bucks until the price of bitcoin went down and my 5 bucks became somewhere around 50 cents.

Mason Collins
Mason Collins

Because it's a zero-sum game for the most part.

The difficulty adjusts to however much hashpower is on the network. China turns on a server-farm, my ASIC just got 20x more useless.

Better to buy them directly, or buy a PoS coin (i recommend peercoin) and mint it if you want some income.

Also FYI Bitcoin is going to explode sooner than later. Anyone who doesn't at least have some crypto exposure is missing out on the biggest advent of our time.

Leo Cruz
Leo Cruz

it still exists? has it cured anything yet?
is fold still a thin? how about prime?

Noah Reyes
Noah Reyes

Ethereum is supposedly still pretty profitable to mine. Bitcoin hasn't been for regular users for a long time. It's barely profitable for the huge miners too.

Benjamin Cook
Benjamin Cook

Can you make decent money by just buying and selling when the price increases?

I have around 700$ to spare.

Jaxon James
Jaxon James

yeah. assuming it doesn't immediately plummet.
i could have retired if i'd done that in 2013… and hadn't sold too early.
go to poloniex.com and daytrade whatever looks tasty.

Connor Barnes
Connor Barnes

Learn to read charts, mainly look where it was too expensive to keep buying and too cheap to keep selling, there's your range.

Look right before the 2013 pump here (set candles to 3 day intervals): bitcoinwisdom.com/markets/bitstamp/btcusd

it based out around $120 before it rocketed to $1200.

Currently where we're at, it based out around $450 and has since climbed to 590. I don't think we're ever going to see <$400 ever again, and if that happens soon there is going to be a lot of people buying.

Back in 2013, we went from 200 to 1200, a 6x increase. 450 x 6 = 2700. I plan to take profit anywhere between 2-3k.

I'm also invested in Peercoin a bit. Look here and pick coins with a smaller market cap you think have potential: coinmarketcap.com

The lower the market cap the easier it is to pump.

XCR & BCN look like decent potential pumps that aren't getting any cheaper.

Also make sure your portfolio is a majority in BTC, I was weighted more in alts and they have been getting crushed against BTC's appreciation. BTC leads the pack.

Leo Ortiz
Leo Ortiz

XCR & BCN
guessing you meant XMR and not this…?
bitcointalk.org/index.php?topic=654463.0
i wouldn't bother with too many bytecoins personally, i only hold like 1/10th as many as i used to.

Ian Reyes
Ian Reyes

Nah, Crypti is right. Low market cap and their Lisk thing I think was a tactic to get people to dump it.

XMR looks decent as well. Anything with a 500k-$4m market cap has potential for a serious pump.

Of course timing is everything… even if it does get pumped there'll be plenty of people buying the peak. More people for me to sell to.

Michael Jackson
Michael Jackson

Why are you mining bitcoins?

Disable AdBlock to view this page

Disable AdBlock to view this page

Confirm your age

This website may contain content of an adult nature. If you are under the age of 18, if such content offends you or if it is illegal to view such content in your community, please EXIT.

Enter Exit

About Privacy

We use cookies to personalize content and ads, to provide social media features and to analyze our traffic. We also share information about your use of our site with our advertising and analytics partners.

Accept Exit